Richard Siklos writes:
... We're still in the early innings, but given how much the Internet has already transformed the media and society, it's surprising how little money traditional media companies make directly from it. ¶ Don't take my word for it. Flip through the financial statements of some of the biggest names to see what they say about their Web sales and profits. You won't find separately broken-out figures at Disney, Viacom, or Time Warner (aside from AOL). ¶ Even at the News Corporation, the combined Internet operations, including the increasingly popular MySpace, don't merit being listed separately on the income statement. ...
Link: New York Times.
Comments